Which of the following annual real GDP growth rates would be needed just to maintain output per capita in the United States?

Name: Which of the following annual real GDP growth rates would be needed just to maintain output per capita in the United States?
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Question

Quizplus · Accepted Answer

To maintain output per capita, the economy needs to grow at the same rate as population growth, which is around 1 percent in the United States. Therefore, an annual real GDP growth rate of 1 percent would be sufficient.

Which of the Following Annual Real GDP Growth Rates Would